GOOD NEWS FROM OMVIC

For years now, the UCDA has been asking for some flexibility to bring relief to wholesale dealers who cannot source inventory from the public.

Wholesalers are restricted in their ability to buy from the public. There was no solution.

Then along came COVID and the inventory restrictions and supply constraints closed even the normal avenues available to wholesalers. Dealers largely stopped selling wholesale to other dealers at all.

Wholesalers were left struggling and times have been very hard for them.

Now, finally, an option is presented by OMVIC.

A new “dual registration” is available.

You can register as both a “wholesale” and “export” dealer. This will allow you to buy vehicles from the public either for sale to other dealers in Ontario or for sale to buyers, both dealers and non-dealers, outside of Ontario.

Wholesalers with a dual registration may have to pay transaction fees for sales outside of Ontario to non-dealers. 

Premises restrictions apply for those who choose the dual registration.

Please see the whole Bulletin from OMVIC here:

https://www.omvic.ca/update-on-wholesaler-and-exporter-class-registration/

OMVIC says they will provide further details on terms, conditions, and portal access in the coming weeks.

To apply and for questions or assistance contact OMVIC’s Registration Department at [email protected], or call 1-800-943-6002, extension 2. 

Online registration is currently not available.